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Term: Management Control

Description:

Management control refers to the process of monitoring, evaluating, and regulating the activities and performance of individuals, teams, or departments within an organization to ensure that they align with the established goals and objectives. It involves setting targets, establishing frameworks, and implementing measures to maintain effective control over various aspects of a business.

Sample Sentences:

1. The management control system helps the company track its financial performance and make informed decisions.
2. Effective management control is crucial to ensure efficient resource allocation and maximize productivity.
3. The role of management control is to identify and rectify any deviations from the planned objectives.
4. The implementation of robust software improved management control by providing real-time updates and analysis.
5. The managers used management control techniques to monitor sales figures and identify areas for improvement.

Usage:

1. The management control of a project is necessary to ensure its successful completion.

2. The company needs to establish better management control over its inventory to avoid stockouts.

3. The management control team is responsible for implementing and overseeing the control measures.

Related Products:

Explore related products on Amazon:

• Management Control Books
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